Rhode Island § 39-16-16 § 39-16-16. Bonds as legal investments.

Rhode Island Statutes

§ 39-16-16 — § 39-16-16. Bonds as legal investments.

Rhode Island § 39-16-16

Title 39Public Utilities and Carriers

Ch. 39-16Kent County Water District

This text of Rhode Island § 39-16-16 (§ 39-16-16. Bonds as legal investments.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 39-16-16 (2026).

Text

§ 39-16-16. Bonds as legal investments.
The bonds are hereby made securities in which all public officers and bodies of this
            state and all municipalities and municipal subdivisions; all insurance companies and
            associations and other persons carrying on an insurance business; all banks, bankers,
            trust companies, savings banks, and savings associations, including savings and loan
            associations, building and loan associations, investment companies and other persons
            carrying on a banking business; all administrators, guardians, executors, trustees,
            and other fiduciaries; and all other persons, whomsoever, who are now or may hereafter
            be autho

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§ 39-16-16. Bonds as legal investments.

The bonds are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business; all administrators, guardians, executors, trustees, and other fiduciaries; and all other persons, whomsoever, who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds including capital in their control or belonging to them. The bonds are also hereby made securities that may be deposited with and shall be received by all public officers and bodies of this state, and all municipalities and municipal subdivisions, for any purpose for which the deposit of bonds or other obligations of this state is now or may hereafter be authorized.